Bitcoin is back knocking on the door of $95,000, and it brought friends. After spending nearly two months shuffling sideways, Bitcoin (BTC) reclaimed the $95,000 mark with a decisiveness that has traders wondering if the boring stretch is finally over. Overall market sentiment climbed to a neutral reading of 52, suggesting the fear has lifted even if euphoria hasn't quite arrived yet.

What's driving the move? Follow the money. Bitcoin ETFs pulled in $753.7 million in net inflows on Tuesday alone, while Ethereum (ETH) ETFs added $130 million. That's institutional capital flowing back into crypto, and it tends to show up right when things start getting interesting.

Bitcoin's Moment

Income Sharks pointed out something worth paying attention to: Bitcoin has dipped below its difficulty-based valuation model only a handful of times historically. The most notable instance was near the $15,000 cycle low, and again last April. Each time marked a major turning point. Either the model has stopped working, or we're looking at the setup for a sharp move higher.

Crypto trader Jelle noted that Bitcoin's reclaim of $95,000 after such a long consolidation is constructive. If it can hold above prior local highs, the remaining resistance could clear quickly, opening the door for a run back toward six-figure territory.

Ethereum and the Altcoin Crew

Ethereum is showing its own strength. CryptosBatman observed ETH breaking out of a bullish pennant pattern with solid momentum. A pullback to retest the former bearish trendline could offer traders a high-probability entry point for the continuation move.

Solana (SOL) sits at a critical decision point, according to CryptoUB. The token has tested this level repeatedly over the past two months, breaking through only once. A clean move higher would favor long positions, while a fake-out and reclaim could validate a short setup instead.

XRP appears to be stuck in a flat corrective phase. Cantonese Cat suggested the consolidation likely reflects a pause before liquidity rotates back into the market, potentially fueling the next leg higher.

Meme Coins Lead the Charge

The broader meme coin market surged 7.5%, pushing total market capitalization above $50 billion. Cantonese Cat highlighted Dogecoin (DOGE) specifically, noting that a single daily candle erased losses from the prior five bearish sessions. That's the kind of momentum that signals renewed bullish pressure, at least in the short term.

Whether this marks the start of a sustained rally or just another head fake remains to be seen. But with institutional money flowing back in and technical setups aligning across multiple major coins, the market is certainly giving bulls something to work with.